Budget 2026: Everyone’s eyes are on the budget to be presented on February 1st, wondering what impact it will have on the common man’s pocket. Some things may become cheaper after the budget, while others may increase in price. It is being speculated that buying gold and silver might become cheaper after the budget is presented. Experts say that the government may reduce the customs duty on these from 6% to 4%. If this happens, gold could fall by about Rs 3,000 per 10 grams, while silver could fall by Rs 6,000. So, let’s find out what might become cheaper and what might become more expensive in this budget.
Before the presentation of the Union Budget, speculation is rife in the market. Taxpayers hope for tax relief, while the common man hopes for relief from inflation.
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What could become cheaper?
Smartphones and Tablets: Mobile phones made in India could become cheaper after a reduction in customs duty on mobile spare parts.
Affordable Homes: The tax exemption limit on home loan interest may be increased from ₹2 lakh to ₹5 lakh. This will make it easier for people to buy homes.
Electric Vehicles (EVs): If the tax on raw materials used in battery manufacturing is reduced, electric scooters and cars could become cheaper.
Cancer Medicines: A reduction in duties on medicines for serious illnesses and life-saving medical devices could significantly improve treatment.
Domestic Electronics: Relief is expected on TVs, refrigerators, and other home appliances manufactured in India.
What could become more expensive?
Imported Luxury Goods: Expensive watches, shoes, and designer clothes imported from abroad may become more expensive. If the government increases the customs duty on these items, buying them will become more expensive.
Foreign Cars: There is a possibility of increasing taxes on imported, completely built-up (CBU) premium cars.
Foreign Cosmetics: Premium beauty products, perfumes, and makeup items that are imported from abroad may become more expensive.
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